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Retail

Leading shareholder in Saks owner Hudson’s Bay Co. ups bid as tussle for control intensifies

December 2, 2019

Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue

 

By Staff reports

Saks Fifth Avenue owner Hudson’s Bay Company confirmed it has received an unsolicited offer from one of its largest shareholders to acquire the holding company for $11 (Canadian) a share.

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  1. Ferrari, Chivas Regal forge multiyear partnership
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  3. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  4. The Ritz Carlton, Missoni launch beach club in Bali
  5. Bentley renovates countryside estate in Cheshire
  6. Dior goes for gold with flashy J'adore campaign
  7. How Raoul Shah, a peripatetic agency exec, collected 500-plus “Do Not Disturb” door signs and begat a tome
  8. ‘Copy Nothing’ campaign defines next era at Jaguar
  9. Ginori 1735, St. Regis Hotels partner to scale branded cafe concept
  10. ‘Hermès in the Making’ pop-up continues world tour in Zurich
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